S 2762
116th Congress
Senate
Taxation
Income tax deductions
State and local taxation
SALT Deduction Fairness Act
Introduced: October 31, 2019
Introduced by:
Collins, Susan M.
Republican
· Maine
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 31, 2019
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S6336-6337)
Oct 31, 2019
Introduced in Senate
Plain-English summary
SALT Deduction Fairness Act
This bill increases the limitation on the deduction for state and local taxes to $20,000 for individuals filing a joint tax return. The limitation applies to taxable years 2018 through 2025.
What's happening now
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S6336-6337)
Committees of jurisdiction
1